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Bitcoin steadies amid Middle East tensions
Bitcoin rose by 1.4% to approximately $77,959 amid declining other markets and Middle East tensions, while investors await the possibility of a 25 basis point interest rate hike by the Federal Reserve later this week due to persistent inflation and worsening geopolitical conditions. Additionally, the potential vote on the "Clear Regulation Act" in Congress raises concerns about cryptocurrency regulation. Meanwhile, "Bit Mining" increased its Ethereum holdings by nearly $15 billion. The cryptocurrency market is influenced by geopolitical tensions and rising oil prices, with expectations of higher US interest rates and their impact on inflation.
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